Posts

How to lose in trading even with 92% correct prediction for stock price directions

avatar of @geekgirl
25
@geekgirl
·
·
0 views
·
1 min read

Yesterday I went through some stock charts and picked 13 I liked to consider for trading this week. I ended up picking 8 stocks for SHORT position and 5 for LONG. At the same time I continuing to watch StockDweebs' predictions that he announced on Sundays.

Among my own picks I really liked one, $HHR and placed an order before going to bed. That was only trade for the day. Good news is on the first trading day for the week, 12 out of my 13 picks performed as I predicted as far as direction of the price goes. All my shorts dropped in price, all but one of my longs increased in price.

Now the sad part is that the only trade I chose to take ended up going against my prediction. However, since the picks are based on 4 hour charts and meant to play out throughout the week, there is time for reversal and this trade becoming a profitable one.

Another interesting thing is that both StockDweebs and I believe $PENN is worth watching, but we are taking opposite positions. StockDweebs thinks it can be good long play, I think it is due to drop. It dropped today a tiny bit, not really significant. Will be interesting to see if I can beat StockDweebs prediction.

Posted Using LeoFinance